India Food & Beverage Packaging News

Recent industry report about India Food & Beverage Packaging company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Food & Beverage Packaging Market industry experts.

India Food & Beverage Packaging News

  • July 2024: The Ministry of Food Processing Industries (MoFPI) greenlit a significant number of projects, including 41 mega food parks, 399 cold chain initiatives, 76 agro-processing clusters, and 588 food processing units under the PMKSY. MoFPI's initiatives, such as the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), and the PM Formalization of Micro Food Processing Enterprises (PMFME) scheme, aim to propel the food processing industry forward. The PMFME scheme, with a budget of USD 1.19 billion, provided support to 92,549 micro-food processing enterprises. On the other hand, the PLISFPI scheme, backed by a total budget of USD 1.30 billion, is geared toward fostering global food manufacturing champions and bolstering the presence of Indian food brands on the international stage.
  • July 2024: The Consumer Affairs Ministry proposed an update to the Legal Metrology (Packaged Commodities) Rules, 2011. The amendment targets pre-packaged commodities exceeding 25 kg or 25 liters, mandating the disclosure of crucial information when sold in retail markets. If passed, this amendment would necessitate manufacturers, packers, and importers to provide detailed labeling on all pre-packaged goods meant for retail, irrespective of their quantity. This move is anticipated to enhance transparency within the industry, empowering consumers to make more informed purchasing decisions.
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  • July 2024 - Gerresheimer announced the acquisition of Bormioli Pharma for EUR 800 (USD 893.57 million) million. Bormioli Pharma produces primary packaging made of glass and plastic and dispensing systems for the pharmaceutical industry
  • June 2024 - SCHOTT Hungary Kft. inaugurated production for pharmaceutical packaging products in Lukácsháza, Hungary. The facility will manufacture prefillable sterile glass syringes, doubling SCHOTT Pharma's production capacity for these products.
  • March 2024 - Schott Pharma announced plans to build a new production site for syringes in Wilson, North Carolina, USA. The facility will produce prefillable polymer syringes for mRNA drugs and prefillable glass syringes for treatments such as diabetes or obesity."
  • August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
  • May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 
  • October 2023: Sonoco ThermoSafe played a pivotal role in increasing pharmaceutical shipments in/out of Asia-Pacific. According to the temperature assurance packaging company, Pegasus ULD performs up to 300+ hours, equivalent to 13 days without human intervention, providing temperature control for 2 to 8°C payloads.
  • February 2023: Gerresheimer AG entered an agreement with Corning Incorporated, a glass manufacturer with tubing and vials. The deal aims to improve access to Corning’s branded vial tech platform, Velocity Vials. The collaboration will reportedly enable Gerresheimer to convert Corning’s platform above into glass form, enhancing product quality, lowering manufacturing costs, and speeding the delivery of injectable therapies. With production in Gerresheimer’s existing facilities, vials are expected to be immediately available in North America, Europe, and Asia.
  • May 2024: SLMG Beverages, Coca-Cola India’s independent bottler, collaborated with Dalmia Packaging to establish a PET bottle recycling plant in India. For this recycling plant, which will have an annual capacity of 36,000 MT and produce 24,000 MT of plastic for PET bottles, the two companies plan to invest INR 0.9 to 1 billion (USD 10.7 million to USD 11.99 million).
  • November 2023: With a new legal act entering force extended producer responsibility (EPR) for packaging in Croatia, the new packaging legislation imposes a mandatory deposit system for single-use beverage packaging, which coexists with the semi-voluntary deposit system for returnable packaging.
  • March 2024: Researchers at Panjab University's Institute of Forensic Science were granted an Indian patent for their biodegradable food packaging film. This innovative film, designed to replace conventional plastic packaging, is made from renewable, environmentally friendly materials. This patent encompasses the creation of a biodegradable food packaging film crafted from renewable, environmentally friendly materials designed for the storage and preservation of food items.
  • November 2023: SIG launched its Packaging Development Center in Europe, located at its packaging plants in Linnich, Germany, with an investment of USD 10.93 million. This initiative aims to accelerate the development of innovative and sustainable packaging solutions, providing added value to its customers. The new center is equipped with state-of-the-art extrusion and finishing technologies, along with advanced quality measurement systems and testing equipment. It will significantly enhance packaging processability in serial production, system validation, and capacity for future digital technologies. As per company officials, alongside its existing co-creation and test-filling facilities for food and beverage products, the company can now produce carton sleeves, fill products in compliance with food hygiene regulations, and pack them on pallets. This end-to-end capability effectively transforms the company into a mini factory for packaging and the production of food and beverages.
  • July 2024: The Ministry of Food Processing Industries (MoFPI) greenlit a significant number of projects, including 41 mega food parks, 399 cold chain initiatives, 76 agro-processing clusters, and 588 food processing units under the PMKSY. MoFPI's initiatives, such as the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), and the PM Formalization of Micro Food Processing Enterprises (PMFME) scheme, aim to propel the food processing industry forward. The PMFME scheme, with a budget of USD 1.19 billion, provided support to 92,549 micro-food processing enterprises. On the other hand, the PLISFPI scheme, backed by a total budget of USD 1.30 billion, is geared toward fostering global food manufacturing champions and bolstering the presence of Indian food brands on the international stage.
  • July 2024: The Consumer Affairs Ministry proposed an update to the Legal Metrology (Packaged Commodities) Rules, 2011. The amendment targets pre-packaged commodities exceeding 25 kg or 25 liters, mandating the disclosure of crucial information when sold in retail markets. If passed, this amendment would necessitate manufacturers, packers, and importers to provide detailed labeling on all pre-packaged goods meant for retail, irrespective of their quantity. This move is anticipated to enhance transparency within the industry, empowering consumers to make more informed purchasing decisions.
  • July 2024 - Gerresheimer announced the acquisition of Bormioli Pharma for EUR 800 (USD 893.57 million) million. Bormioli Pharma produces primary packaging made of glass and plastic and dispensing systems for the pharmaceutical industry
  • June 2024 - SCHOTT Hungary Kft. inaugurated production for pharmaceutical packaging products in Lukácsháza, Hungary. The facility will manufacture prefillable sterile glass syringes, doubling SCHOTT Pharma's production capacity for these products.
  • March 2024 - Schott Pharma announced plans to build a new production site for syringes in Wilson, North Carolina, USA. The facility will produce prefillable polymer syringes for mRNA drugs and prefillable glass syringes for treatments such as diabetes or obesity."
  • April 2024: Refresco, a prominent global provider of beverage solutions for major brands and retailers, finalized its acquisition of VBC Bottling Company, a premium beverage contract manufacturer based in the United States.
  • January 2024: Novelis inked a fresh deal with Ardagh Metal Packaging USA. The agreement entails Novelis supplying aluminum beverage packaging sheets to Ardagh's North American metal production sites. Notably, this marks Novelis's third significant contract in under seven months, solidifying its presence in North America's beverage packaging sector.
  • August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
  • May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 
  • July 2024: TerraCycle, a recycling company based in New Jersey, unveiled its Zero Waste Bags, aimed at enhancing recycling accessibility for Americans. Collaborating with over 20 collection service providers in 12 states, TerraCycle's Zero Waste Bags provide a doorstep solution for hard-to-recycle waste.
  • July 2024: The National Environment Management Authority (NEMA) mandated an immediate shift to biodegradable garbage bags for collecting organic waste. This move underscores its commitment to promoting eco-friendly management of organic waste in the United States.

Food Packaging Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)